West German Uses Plastic For Lumber Cork Leather
West German inventor Thomas Engel of Offenbach Heusenstamm wins a patent for the Engelit process to make foam plastic lumber cork and leather substitutes. Phillips Petroleum licenses the method with Fisher Price as first American user. the process allows inexpensive molds and recyclable scrap.
MENTIONED IN THIS ARTICLE
Washington
Thomas Engel
Offenbach- Heusenstamm
Phillips Petroleum Company
Bartlesville
Oklo
Phillips
Fisher Price Toys, Inc
East Aurora
N. Y
Active Trading Spurs Upward Market Trend
New York Over-the-Counter and American Stock Exchange saw gains last week with the OTC index 35 up to 337.10 and the AMEX index up 51 cents to 22.08. Volume surged to 26,046,380 shares as profit taking cooled Friday gains. Kellwood rose on strong profits, Yoo Hoo jumped on a Pepsi venture, and Commonwealth Development advanced on a metal fabrication deal for low cost aluminum housing.
MENTIONED IN THIS ARTICLE
New York
American Stock Exchange
National Quotation Bureau
Kellwood Corporation
Sears, Roebuck & Co
Yoo Hoo Chocolate Beverage Corporation
Pepsi Cola
Commonwealth Development and Construction Company
Commonwealth
Jpiy
Gr L
Invest Group
Peoples
Assoc
Philand Bar
Orion of Securities Sh
Pilarm Dealers Inc Dow Th
Select
Pine St
Rexel
Vor
Pioneer
Inv Res
Aberdr
Istel Fd
Puritan
Keyston
Putnam FD
Rep Tech
Revere
Axe Houghton
Lorage Lyr
Loomis Sayles
Op Inc
Franklin
Op Lite
Sted S&g
Rye
Mayhen
Sted Am
Zthanning Fds
Fnk BP
Moss Fd
Stein
Stein Roe Fds
Nk Ur
Mass
Fnk
Stein St
Grwth
Fund Am
Mid Am
Stein Inv
Moody We
Ss Jad Gem Inc
Mrte
Telev Ee
Ciem F
Ince
Tmolin
Aeroso
MIF Gth Co Fa
Mut Shrsie
United Funds
Coil Grth
Ful Ad
Accu
NEA Mr i
Incom
Grvohn
Nat Ws
Scien
Balan
Val Inc
Horace
Como
Coe
Viking
Inc
Nat Wst
Cory Ec
Od Inc Fa
Fr Fat
Tees Corp Td
Ind
New Wid
Whithl
Crivy
Ind Am . Tees Neas
Wndsor
Own Www
Fr Winfld
Woscon
Ornh
Bos
Penn Se
No Tax Hike Possibility Spurs Market From Sleep
NY stock markets rallied last week as traders priced in the possibility Congress would delay or avoid tax increases. The Dow gained about 25 points as blue chips led the rise while inflationary pressures and a growing money supply fueled hopes for a new boom in 1968. Congressmen returned from recess wary of public support for higher taxes despite official backing for the surtax plan.
MENTIONED IN THIS ARTICLE
New York
Congress
House
Mills Signals Tax Rise Uncertain as Deficit Contingent
Rep. Wilbur Mills urged deferring a tax increase until inflation and economic problems are confirmed. He warned a $29 billion deficit could require spending cuts and tempers a tax rise. Markets saw mixed signals as Fed chair Martin promised to ease credit next year.
MENTIONED IN THIS ARTICLE
Wilbur Mills
D-Ark
Mills
Wall Street
William McChesney Martin Jr
Federal Reserve Board
Martin
Fed
Auto Accord Is Far Away
DETROIT AP The United Auto Workers and Ford Motor Co agreed they are at least a week away from addressing the main issue behind the nationwide strike. Ford idled 93 plants in 25 states and warned of a long strike as negotiators met for a brief bargaining session. They planned non economic talks next week, postponing the key money issue.
MENTIONED IN THIS ARTICLE
Detroit
API
United Auto Workers
Ford Motor Co
Ford
New York Times Business Activity Index Dips to 293.5
The New York Times weekly index shows business activity at 293.5 last week, down from 299.6 the prior week and below the 298.5 level from a year ago. The table lists the index and its components, all adjusted for long-term seasonal trends.
MENTIONED IN THIS ARTICLE
New York
New York Times
Byron Phillips Leads New York Life Agents in West Virginia
Byron E. Phillips of 323 Watts St. was New York Life Insurance Company's leading agent in West Virginia for August. Don Van Camp, general manager of the Wheeling General Office, notes Phillips has been a Morgantown representative since 1949 and a consistent member of the company's leading agents clubs.
MENTIONED IN THIS ARTICLE
Byron E. Phillips
Watts St
New York Life Insurance Company
West Virginia
Don van Camp
Wheeling
New York Life
Morgantown
Phillips
Also Mentioned on This Page
Lyle Horton
Lyle Horton Ford Sales, Inc
Walter J. Oben
Ford Division
Great Lakes
Pittsburgh
Mountain View Inn
Greensburg
New York Times News Service
Engel
Chicago
Edwin S. Sinaiko
Sinaiko
Atlantic Research Corporation
Alexandria
J. Lightsey Wallace Jr
Electronics and Communications
Dresser Industries, Inc
Tulsa
Okla
Gilbert Swift
Vurtual Funds
Thomas E. Mullaney
N. T. Times Financial Editor
New York Times Vs Service
Business and Labor
Porary
Johnson
U. S
Federal Communications Commission
American Telephone and Telegraph Company
Auto Accord
Y. Times Index
Byron Phillips
Robert R. Rector
High St
W. Va
State Farm Insurance Companies
Bloomington
Limos
CY —Prmecmaps
OF America
Ornvestors
Investors Diversified Services, Inc
Mutual Funds
Investors Syndicate of America
Lamont C. Morton
Fairmont
W. V
Bratadas
Mustangs
Consumer Credit Department
Morgantown, West Virginia
Member
Federal Deposit Insurance Corporation
F.gm
Full Servicr Bank